Focus: Markets preparing for Biden's withdrawal, and there is also a view that there will be no change in policy due to candidate changes

2024/7/9 7:00 AM GMT+9 (some excerpts)

While skeptical views are emerging as to whether US President Biden will continue the election campaign, preparations are being made to simulate potential economic scenarios and transactions when a stronger Democratic Party candidate appears in the financial market.
At the 1st TV debate of the presidential election held last month, bond yields rose in response to the fact that Mr. Biden lacked brilliance compared to former President Trump, who is a rival of the Republican Party. This is because speculation that Mr. Trump would return to the presidency increased, and investors associated it with a widening budget deficit and high inflation policies.